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There's nobody better on planet Earth than Elon at converting electrons to tokens. It's a critically important
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evolution to the story. SpaceX has this five-layer cake, launch, connectivity, compute, hyperscaler, space data
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centers, and then applications and models, and then other bets. And now we see the ace card that Elon's playing. He
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was building EWS all along. And so I estimate that this going to generate in this year an incremental 4 to 5 billion
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dollars of revenue on top of what I have seen analyst estimates in the mid-20s. That's a material amount of incremental
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revenue to offset the cost of the investments that he's made here, and that will subsidize, to Chamath's point,
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all that he's investing to build the next generation of Grok. Remember, too,
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that he has three facilities, Colossus, MacroHard, and MacroHarder, 1.2 gigawatts at MacroHard and MacroHarder
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in Blackwell. So he's given the one that's kind of less connected, H 100's
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great for inference, to Anthropic. He's monetizing it in a big way. It's
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terrific for Anthropic. And it solves what I think was the biggest question uh in the valuation story, which is what if
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he spends ahead of x.ai's revenue. It takes the pressure, Chamath, off x.ai delivering immediate revenue. Now he
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becomes an immediate competitor in the hyperscale. I don't think this is the
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last announcement. And I would just say finally, you know, again, everybody has talked about how we don't have enough
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power, how we don't have enough compute, how the revenues would not show up this
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year. You know, but the chaos that is American capitalism somehow finds a way.